NEW DELHI: The finance ministry will soon move ahead with its plans to set up a financial holding company for state run banks, as it has got feedback from the Reserve bank of India. Financial services secretary DK Mittal said, that the RBI has given its feedback and the ministry is analysing it.

"RBI has broadly agreed on this that this is a good move forward. However, there is a need to look at regulatory platform because it would be such a large conglomerate and how to be regulated. What kind of capital adequacy it (holding company) should have," he said.

The government, will also decide about Rs 15,000 crore capital infusion in the public sector banks during the week to shore up their capital base.

"This week there will be some announcement about the allocation (to various banks)," said Mittal, adding that allocation of the funding will be decided and if there are any rights issue it has to be first approved by respective boards and then the ministry will take a view on that.

On the issue of cash subsidy transfer scheme roll out from January 1, Mittal said banking system is fully ready for the roll out across the identified districts.

"Banking system is fully geared up to meet this challenge. We have been working on this the last 10 months and I think banking system has done a great job including private sector banks also and we are fully ready," he said.